FIRST BUSINESS FINANCIAL SERVICES (FBIZ)
Financials · regional banking · NASDAQ
A specialized commercial banking and wealth management firm focused on meeting the integrated needs of business owners and their companies.
What FIRST BUSINESS FINANCIAL SERVICES does
First Business Financial Services, Inc. is a bank holding company that provides a range of commercial banking and private wealth management products and services. The company focuses on serving businesses, business owners, and high-net-worth individuals, offering lending, treasury management, and investment advisory services.
Themes: commercial banking, wealth management, small business lending, treasury management
Fundamentals
- Price$68.69 as of 2026-08-21 close
- Market cap$575M as of 2026-08-21
- 1-year return+39.2% 2025-08-21 close $49.34 → 2026-08-21 close $68.69
- P/E10.83 as of 2026-08-24
- Net margin+26.4% as of 2026-08-24
- ROE+14.8% as of 2026-08-24
- Debt / equity0.14 as of 2026-08-24
- Beta0.67 as of 2026-08-24
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +2.7%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How FBIZ compares in its sector
- price-to-earnings ratiobottom 25% 525 covered Financials peers, as of 2026-08-24
- net profit marginmiddle range 538 covered Financials peers, as of 2026-08-24
- operating marginmiddle range 534 covered Financials peers, as of 2026-08-24
- return on equitymiddle range 575 covered Financials peers, as of 2026-08-24
- indicated dividend yieldmiddle range 453 covered Financials peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)middle range 431 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, FBIZ's dividend was covered by reported results (earnings payout 19%, free-cash-flow payout 16%). This describes past coverage, not a forecast.
- Earnings payout19% dividends / net income
- Free-cash-flow payout16% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How FIRST BUSINESS FINANCIAL SERVICES looks technically
FIRST BUSINESS FINANCIAL SERVICES (FBIZ) is trading 18.4% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 534 trading days ago — a "golden cross", a bullish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 44, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 50, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 8 trading days ago (its momentum flipped negative). It made a new 20-day high about 15 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 18.4% above its 200-day average, the long-term trend line — a longer-term uptrend | +18.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $66.01 | $66.01 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $58.03 | $58.03 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 18 calendar days ago — the swings before that are what the structure reading is measured on | 18 sessions |
| Wave structure | its recent swings can be read as a completed five-part upward sequence — the pattern Elliott-wave chartists call an impulse — which on that reading would now be due a pullback rather than more of the same; the labelling fails if price closes above 73.48. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible five-wave upward sequence, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 534 trading days ago — a "golden cross", a bullish long-term signal | 534 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 44, with buyers in control | 44.3 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 50, neither overbought (above 70) nor oversold (below 30) | 49.8 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($67.84 to $72.90) — its "stochastic" reading is 17 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 16.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 8 trading days ago (its momentum flipped negative) | 8 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $73.48 | $73.48 |
|---|---|---|
| From the 52-week high | it is 6.5% below its 52-week high (its highest price of the past year) | -6.5% |
| Above the 52-week low | it is 49.1% above its 52-week low (its lowest price of the past year) | +49.1% |
| Below the 52-week high | it is 6.5% below its highest point of the past year | 6.5% |
| Since a 20-day breakout | it made a new 20-day high about 15 trading days ago | 15 sessions |
| Since a 55-day breakout | it made a new 55-day high about 15 trading days ago | 15 sessions |
| All-time high | its highest closing price on record is $73.48 (set on 2026-08-03) | $73.48 |
| Given back of the 52-week move | over the past year its closes ranged ($47.68 to $72.20), and it has given back only a small part of its rise from last year’s low — 14% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $56.26 to $57.05. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 14.3% |
| From the all-time high | it is 6.5% below its all-time high | -6.5% |
| Nearest price level | it is trading 12.5% above a support level at $60.08 — a price it turned at four times since 2026-01-22, most recently on 2026-04-17. Since 2024-08-21 it has 12 such levels below the current price and 0 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -12.5% |
| All-time low | its lowest closing price on record is $3.75 (set on 2009-08-26) | $3.75 |
| Above the all-time low | it is 1731.7% above its all-time low | +1,732% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 37th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.60 between its high and its low — about 2.3% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.60 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $66.95 and $73.43 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $66.95 – $70.19 – $73.43 |
| Typical daily range (% of price) | its price moves about 2.3% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.3% |
| Stretch from the 200-day average | it is trading 6.7 daily ranges above its 200-day average price (18.4% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 6.7 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.83× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
1
| Since a bullish engulfing | 8 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 8 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 0.4% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.4% |
|---|---|---|
| Open gap | it gapped 3.3% above the previous close 15 sessions ago and has not traded back through the level it left behind at 67.26 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +3.3% |
| Gap filled | a 2.8% gap up opened on 2026-07-27 has been "filled" 19 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 19 sessions ago |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 1.5 percentage points (the stock gained 3.9% while the market gained 2.3%) | +1.5% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 16.9 percentage points (the stock gained 20.0% while the market gained 3.1%) | +16.9% |
| vs market, 6 months | over the past 6 months this stock beat the market by 7.7 percentage points (the stock gained 18.7% while the market gained 11.1%) | +7.7% |
| vs market, 12 months | over the past 12 months this stock beat the market by 18.7 percentage points (the stock gained 39.2% while the market gained 20.5%) | +18.7% |
Signal agreement
2
| Bullish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months, near the bottom of its 14-day range (oversold), trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: MACD momentum is negative — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 9.2% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 4.0% of the share price. | +9.2% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 13% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $60.75 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +13.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 3% below the average price paid since it last reported on 2026-07-30 (its 8-K), so the typical buyer over that stretch is under water. That average is $70.67 — a volume-weighted average of daily closes over 17 sessions, not a true tick-by-tick VWAP. | -2.8% |
Price levels it has turned at before
FBIZ last closed at $68.69 on 2026-08-21. Since 2024-08-21 it has turned at 12 prices below its last close and 0 above; the 3 nearest below are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $60.08 | Support | 12.5% below the last close | turned there four times · 2026-01-22 to 2026-04-17 |
| $58.34 | Support | 15.1% below the last close | turned there twice · 2025-12-18 to 2026-05-26 |
| $54.70 | Support | 20.4% below the last close | turned there 7 times · 2025-02-20 to 2026-06-02 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $73.48.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · in a strong, established uptrend (ADX) · beating the market · Stretched far above its 200-day average (6+ daily ranges) · At the bottom of its 14-day range (stochastic below 20) · Under water since its last earnings report (below the anchored VWAP) | Learn: moving average · golden cross · adx · rsi · macd · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$79.20 range $74.00 – $84.00; median $80.00
Analyst estimates, as of 2026-08-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for FBIZ
- Consensus EPS estimate$1.66 next reporting period, as of 2026-08-21
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["credit risk associated with the loan and lease portfolio","interest rate risk affecting net interest income and margins","economic and market conditions impacting lending demand and asset quality"]
What changed in the latest 10-Q
AI-assisted comparison of FBIZ's 10-Q filed 2026-04-24 against the prior one filed 2025-10-31.
Management's Discussion & Analysis (MD&A)
- Added:
- Added phrase 'geopolitical instability and international conflicts that may affect energy prices or otherwise result in market volatility' to the first bullet point under forward-looking statements risks (filed 2026-04-24)
- Reworded:
- Changed 'Management's ability to manage growth effectively, including the successful expansion of our client support, administrative infrastructure, and internal management systems.' to 'Our ability to manage growth effectively includes the successful expansion of our client support, administrative infrastructure, and internal management systems.' - replaced 'Management's ability' with 'Our ability' and 'including' with 'includes' (older filing 2025-10-31 to newer filing 2026-04-24)
- Notes:
- The newer filing text provided appears truncated at 'See Part I,' - comparison is limited to the visible portions
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for FBIZ — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding FBIZ as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 1,171,593
- Reported value $63,184,013
reported quarterly holdings change (2025-12-31 → 2026-03-31): 1 new, 2 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
FBIZ had 184,655 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
FBIZ had 2.21% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.31 days to cover at the same settlement.
- Reported short interest (shares) 184,655
- Short interest (% of shares outstanding) 2.21%
- Prior settlement (shares) 154,110
- Reported change 19.82%
- Days to cover (reported) 2.31
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Associated Banc-Corp (ASB)
- Wintrust Financial Corporation (WTFC)
- Old National Bancorp (ONB)
- BOK Financial Corporation (BOKF)
- UMB Financial Corporation (UMBF)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare FBIZ vs…
FIRST BUSINESS FINANCIAL SERVICES is found in…
Frequently asked questions
What does FIRST BUSINESS FINANCIAL SERVICES (FBIZ) do?
First Business Financial Services, Inc. is a bank holding company that provides a range of commercial banking and private wealth management products and services. The company focuses on serving businesses, business owners, and high-net-worth individuals, offering lending, treasury management, and investment advisory services.
What sector is FIRST BUSINESS FINANCIAL SERVICES (FBIZ) in?
FIRST BUSINESS FINANCIAL SERVICES (FBIZ) is classified in the Financials sector. Its industry is regional banking. It trades on NASDAQ.
Does FBIZ pay a dividend?
Yes — FIRST BUSINESS FINANCIAL SERVICES (FBIZ) pays a dividend, with an indicated yield of about 2.67% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are FIRST BUSINESS FINANCIAL SERVICES's (FBIZ) competitors?
Notable peers of FIRST BUSINESS FINANCIAL SERVICES (FBIZ) include Associated Banc-Corp, Wintrust Financial Corporation, Old National Bancorp, BOK Financial Corporation and UMB Financial Corporation. This peer set is informational only — not financial advice.
Is FIRST BUSINESS FINANCIAL SERVICES (FBIZ) overbought or oversold right now?
FIRST BUSINESS FINANCIAL SERVICES (FBIZ) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 50, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on FBIZ come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.